Nifty: Resistance 4880/4914/4936/4963
Support 4848-4832/4810/4770
Market opened positive in the morning trade but volatility was high amid concerns over EU and volatility in rupee. Markets remain firm till the afternoon session but slipped from highs later. Today, Nifty may open with gap up of 25-30 pts. Sustaining above 4848, some rally may set in towards 4888-4900+ zone. A close sustaining above 4936-4949, nifty can move further upside towards 4990-5000+ zone. On lower side, Nifty has good support @ 4812-4777 zone. Close below this, Nifty may tend to get more weak, else traders should utilize this as buying opportunity for momentum bounce back trades.
Trade with levels.
Happy Trading.
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